Hello everyone in the community. I haven't updated my savings goal for quite some time. Leo 2.0 changed my plans a bit. I withdrew most of my savings in liquidity pools and reallocated them to Leo and Surge. I'm still on track withf my Hive goals of 15k HP since I'm also using fiat to add to my investments in the Hive blockchain. Leo and Leostrategy has built an ecosystem around three tokens with the idea of a flywheel effect.

LEO (15,280)

The native token of the leofinance and inleo platform. It started as a reward for micro-blogging and blogging in the inleo platform. Recently, Leo 2.0 was introduced changing the tokenomics of the Leo token to a deflationary one along with constant buys from leostrategy. I didn't understand how it works before and I can't say I still do after all this time. Staking Leo on leodex earns USDC rewards as a share of swapping revenues on the platform. The Leo token thus become an earning token representing a share of leodex swap revenues.

My goal is to accumulate 20k LEO. I currently have a little over 15k so I need more to reach my goal. Unfortunately, I'm buying SURGE in the pre-sale instead so LEO has to take a backseat.

LSTR (none)

LSTR is the maiden token offered by leostrategy. Proceeds from the sale were used to buy LEO tokens and stake them permanently. I didn't understand before why I should buy LSTR since it's buying LEO anyway. It made more sense to me to buy LEO instead. However I'm proven wrong since LSTR has increased to around $6 (around 31 Hive per share) compared to its offering of $1 (around 4 Hive a piece).

I missed buying LSTR in the initial sale so I'm buying SURGE instead.

SURGE (492)

SURGE is similar to HBD in the sense that it pays 15% weekly dividends of either HBD or LSTR assuming the price of SURGE is $1. Like LSTR, proceeds from the pre-sale will be used to buy LEO. SURGE has the option to be converted to LSTR at a ratio of 50 SURGE to 1 LSTR if in case LSTR reaches $50. So if LSTR's price rises above $50, then SURGE price is supposed to appreciate as well, mirroring LSTR's appreciation.

My current SURGE balance stands at 492. I'm buying as much as I can before the pre-sale ends since the pre-sale price is below the stated price of $1. After the pre-sale, I'll resume my accumulation of LEO.

Disclaimer

The above are my personal investment goals that I'm documenting and not an invitation to buy the tokens. Crypto is inherently volatile and you can lose your funds as I have experienced many times. Always do your own research when planning to invest in any token, manage your risks and exit strategy if the trade goes against you.

Posted Using INLEO